Delphi Battery Monitoring Device Can Have Significant Impact on CO2 Emissions in Russia
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MOSCOW, Aug 27 (MARKET WIRE) --
An interesting figure shows the high potential a new Delphi Corp.
(PINKSHEETS: DPHIQ) technology has in Russia. If the entire vehicle
population of Russia, currently about 31 million vehicles, was equipped
with intelligent energy management systems featuring the Delphi Battery
Monitoring Device from Delphi, CO2 emissions could be cut by about 4.65
million tons of per year.
The Delphi Battery Monitoring Device combines an innovative IVT sensor
with software that calculates the battery state of health (SOH) and state
of charge (SOC) and alerts drivers to batteries that are in need of
replacement or charging. It helps ensure optimal battery performance,
making more electronic features possible while ensuring sufficient power
for starting the engine. When integrated into a vehicle as part of active
energy management system, the Delphi Battery Monitoring Device can also
help improve fuel efficiency and extend battery life.
With the Battery Monitoring Device and innovative components such as the
IVT battery sensor, Delphi stands prepared to support the Russian and
international automotive industry actively in their efforts to improve the
environmental compatibility of their vehicles and to reduce CO2 emissions.
Delphi's Battery Monitoring Device features Local Interconnect Network
(LIN) or Controller Area Network (CAN) interface for data and diagnostic
communication. It is mounted on the negative battery post or in a pre-fuse
box on the battery, and is designed for use in passenger and commercial
vehicles beginning with model year 2010. The CAN interface version will be
available soon. The Battery Monitoring Device can also be adapted for use
in off-road vehicles and the marine industry.
Russia: one of the fastest growing automotive markets
Russia is counted among the fastest growing automotive markets worldwide
and exhibits the highest growth rates in Europe as a production location.
Soon, the world's largest country in terms of area will also offer great
potential for foreign automotive manufacturers and suppliers.
Market experts report that, by 2010, the number of new cars registered
will more than double from of the number registered in 2005 to reach over
three million vehicles. At the same time, the proportion of foreign
brands will continue to grow from 73 percent in the first quarter of 2008
to 84 percent in 2010.
The significance of local vehicle production in Russia by the
international automotive industry also continues to grow. In 2010, around
1.68 million vehicles will be manufactured in Russia, 600,000 more than
in 2005. Many automotive manufacturers have voiced their intention to
establish production sites in Russia in the years to come.
Delphi has had a presence in Russia since 1990, when Delphi Packard
Electrical/Electronic Architecture was the first Delphi division to
establish a footprint there with a sales and administrative office in
Moscow. Five years later, the division established a manufacturing joint
venture with Samara Cable assembling wiring harnesses. In 2000, Samara
Cable's portfolio expanded and, in 2006, the supplier opened a second
manufacturing site in Surgut. These factories are certified according to
the international ISO 9002, ISO/TS16494, and ISO14001 standards.
For more information on Delphi Corp., please visit
http://delphi.com/about/news/media/
FORWARD-LOOKING STATEMENTS
This press release, including the exhibits being furnished as part of this
report, as well as other statements made by Delphi may contain
forward-looking statements that reflect, when made, the Company's current
views with respect to current events and financial performance. Such
forward-looking statements are and will be, as the case may be, subject to
many risks, uncertainties and factors relating to the Company's operations
and business environment which may cause the actual results of the Company
to be materially different from any future results, express or implied, by
such forward-looking statements. In some cases, you can identify these
statements by forward-looking words such as "may," "might," "will,"
"should," "expects," "plans," "anticipates," "believes," "estimates,"
"predicts," "potential" or "continue," the negative of these terms and
other comparable terminology. Factors that could cause actual results to
differ materially from these forward-looking statements include, but are
not limited to, the following: the ability of the Company to continue as a
going concern; the ability of the Company to operate pursuant to the terms
of the debtor-in-possession financing facility, to obtain an extension of
term or other amendments as necessary to maintain access to such facility
and to secure the anticipated advances from GM in order to obtain any such
extension or amendment; the Company's ability to obtain Court approval
with respect to motions in the chapter 11 cases prosecuted by it from
time to time; the ability of the Company to consummate its amended plan of
reorganization which was confirmed by the Court on January 25, 2008 or any
other subsequently confirmed plan of reorganization; risks associated with
third parties seeking and obtaining Court approval to terminate or shorten
the exclusivity period for the Company to propose and confirm one or more
plans of reorganization, for the appointment of a chapter 11 trustee or to
convert the cases to chapter 7 cases; the ability of the Company to obtain
and maintain normal terms with vendors and service providers; the
Company's ability to maintain contracts that are critical to its
operations; the potential adverse impact of the chapter 11 cases on the
Company's liquidity or results of operations; the ability of the Company
to fund and execute its business plan (including the transformation plan
described in Item 1. Business "Plan of Reorganization and Transformation
Plan" of the Annual Report on Form 10-K for the year ended December 31,
2007 filed with the SEC) and to do so in a timely manner; the ability of
the Company to attract, motivate and/or retain key executives and
associates; the ability of the Company to avoid or continue to operate
during a strike, or partial work stoppage or slow down by any of its
unionized employees or those of its principal customers and the ability
of the Company to attract and retain customers. Additional factors that
could affect future results are identified in the Annual Report on Form
10-K for the year ended December 31, 2007 filed with the SEC, including
the risk factors in Part I. Item 1A. Risk Factors, contained therein.
Delphi disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events and/or otherwise. Similarly, these and other factors,
including the terms of any reorganization plan ultimately confirmed, can
affect the value of the Company's various prepetition liabilities, common
stock and/or other equity securities.
Contacts:
Delphi Russia:
Agnieszka Przymusinska
+48 12 252 10 33
Email Contact
Delphi Europe:
Marie-Pierre Ygrie
+33 1 49 90 47 52
Copyright 2008, Market Wire, All rights reserved.
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